SG Americas Securities LLC Purchases 16,749 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

SG Americas Securities LLC lifted its stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 320.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,980 shares of the textile maker's stock after purchasing an additional 16,749 shares during the period. SG Americas Securities LLC's holdings in Wolverine World Wide were worth $306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in Wolverine World Wide by 2.2% in the fourth quarter. FMR LLC now owns 11,766,527 shares of the textile maker's stock valued at $261,217,000 after buying an additional 249,456 shares during the period. Earnest Partners LLC boosted its holdings in shares of Wolverine World Wide by 0.4% in the 4th quarter. Earnest Partners LLC now owns 5,228,918 shares of the textile maker's stock valued at $116,082,000 after buying an additional 19,295 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Wolverine World Wide by 70.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker's stock valued at $53,854,000 after acquiring an additional 998,916 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Wolverine World Wide by 5.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker's stock worth $37,091,000 after purchasing an additional 86,475 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Wolverine World Wide by 11.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,107,721 shares of the textile maker's stock worth $24,591,000 after acquiring an additional 113,238 shares during the period. Institutional investors own 90.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Baird R W upgraded shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Robert W. Baird increased their target price on Wolverine World Wide from $15.00 to $20.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Stifel Nicolaus decreased their price objective on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Piper Sandler lowered their target price on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, UBS Group boosted their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $19.75.

Wolverine World Wide Stock Down 2.4%

Shares of Wolverine World Wide stock traded down $0.45 during trading hours on Monday, reaching $18.08. The company's stock had a trading volume of 1,357,063 shares, compared to its average volume of 1,335,174. Wolverine World Wide, Inc. has a one year low of $9.58 and a one year high of $24.64. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.77 and a current ratio of 1.26. The stock's fifty day simple moving average is $16.20 and its two-hundred day simple moving average is $17.28. The company has a market capitalization of $1.47 billion, a P/E ratio of 20.78 and a beta of 1.71.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.07. The business had revenue of $412.30 million for the quarter, compared to analyst estimates of $395.94 million. Wolverine World Wide had a return on equity of 28.74% and a net margin of 4.15%. Wolverine World Wide's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. On average, research analysts forecast that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.21%. Wolverine World Wide's payout ratio is 45.98%.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.